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Shell online reporting suite 2022

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Netherlands

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Employees

8,176

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Total tax contribution

$5,466,213,298

Taxes borne

$351,159,314

Taxes collected

$5,115,053,984

  • Third-party revenues

    $37,634,363,808

  • Related-party revenues

    $88,731,774,387

  • Total revenues

    $126,366,138,195

  • Profit before tax

    $846,154,076

  • Corporate income tax paid

    $258,949,662

  • Corporate income tax accrued

    $290,242,122

  • Stated capital

    $204,938,333,254

  • Accumulated earnings

    $97,870,252,493

  • Tangible assets

    $10,959,269,744

  • Other payments to governments

    –

Shell's footprint

Shell has been present in the Netherlands for more than 100 years. Our activities include retail sites, fast-charging for electric vehicles, an energy and chemicals complex, a technology centre and a bioLNG refinery. We are also involved in the development of solar parks, wind farms and geothermal heat.

Shell has a 50% interest in Nederlandse Aardolie Maatschappij B.V. (NAM), which produces oil and gas. In the table, income relating to our share of NAM is included in the profit before tax and accumulated earnings figures.

In 2022, Shell made great strides in supporting the Dutch energy transition. We took the final investment decision to build Holland Hydrogen I in Rotterdam. The 200 megawatt electrolyser is designed to produce up to 80 tonnes of renewable hydrogen per day and is expected to be operational from the mid-2020s. Together with Eneco, Shell won the tender for the construction of a 760 megawatt offshore wind farm at Hollandse Kust (west). We also opened a solar power park with a peak capacity of 30 megawatts. 

In May 2022, VNO-NCW, the largest employers' organisation in the Netherlands, published the Tax Governance Code, which Shell helped initiate and develop.

Country financial analysis

The statutory corporate income tax rate in the Netherlands is 25.8%. In 2022, the Netherlands government introduced a "solidarity contribution" as a form of windfall tax in light of the high revenues made by energy companies.

In 2022, Shell reported a profit before tax in the Netherlands of $479 million. The profit before tax figure in the table includes the share of profit from certain joint ventures and associates held by Shell as required for country-by-country reporting. The corporate income tax paid of $259 million and the corporate income tax accrued of $290 million relate mainly to foreign withholding taxes. These are taxes incurred on dividends, interest and service fees received by Shell companies in the Netherlands. These taxes are mainly paid to foreign governments. Shell paid $725 million in corporate income taxes and royalties in the Netherlands, of which $687 million was paid through our 50% participation in NAM. 

Read more in Total tax contribution and in Windfall taxes.

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Total tax contribution

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Accumulated earnings
Accumulated earnings reflect the profits retained and not used for any other purpose, such as to pay dividends to shareholders.
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Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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Corporate income tax accrued
This is the amount of corporate income tax for 2022 recorded as current-year tax in Shell’s Consolidated Statement of Income. This also includes withholding tax accrued. It does not include prior-year adjustments, deferred tax or provisions for uncertain tax liabilities.
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Corporate income tax paid
This comprises corporate income tax paid in 2022, as recorded in Shell's Consolidated Statement of Cash Flows, and includes accrued withholding taxes on dividend, interest and royalty payments to Shell entities. In some cases, this may include payments made in relation to previous years or future years as tax payments are often made in arrears or in advance. It does not include withholding taxes collected by Shell on dividends paid to shareholders. Nor does it include corporate income tax paid by non-consolidated joint ventures and associates.
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Country-by-country reporting (CbCR)
Country-by-country reporting was introduced for all large multinational enterprises (MNE) as part of the OECD BEPS project. The report should disclose aggregate data on income, profit, taxes paid and economic activity among tax jurisdictions in which the MNE operates. The report is filed with the main tax authority (typically the tax authority in the country in which the MNE has its head office) which can share it with tax authorities in other countries.
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Fees
Fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded from this report. Also excluded are payments made in return for services provided by a government.
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Profit before tax
Profit or loss before tax is reported in Shell's Consolidated Statement of Income. This is the profit or loss calculated using Group accounting policies. Local statutory accounts may need to comply with local accounting standards which may be different. The local statutory accounting profit or loss is the basis for the calculation of taxable profits in individual countries or locations. Local tax laws are then applied to the profit or loss. Profit before tax shows the Group accounting result but not the profits subject to tax after compliance with local tax laws. Any share of profit or loss from non-consolidated joint ventures and associates is attributed to the country where the shareholding entity is based. This figure is reported after accounting for corporate income tax accrued in the joint venture or associate's accounts and is included in the shareholding entity's profit before tax.
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Royalties
Royalties are generally payments due for the use of an asset. Mineral royalties are payments to governments or other owners for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken. See Trademark royalties.
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Withholding taxes
A withholding tax is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. Withholding taxes usually apply to royalties, interest or dividends.
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